June thirtieth, twenty twenty-five
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Another position for the U.S. dollar bears
When Markets have priced in about 2.5 Fed rate cuts this year, and there is still some pricing room relative to the most aggressive expectation of 3 cuts for the full year, but Short positioning is relatively crowded in the near term,
This is also why we have not set our initial target for EUR/USD too far away:
Chart: Approaching the initial target
If the dollar rebounds in the near term after reaching the target, it may first return to around the 55-day moving average. If the underlying logic remains unchanged, this would also be an ideal level to consider shorting the dollar again later.
Chart: The 55-day chart is a possible rebound level
On the other hand, it is important to note that For EUR/USD, once it breaks through smoothly again,
Its 21 high (1.235)There would be no resistance zones left on the way to it:
Chart: No obstacles remain before the 21 high
2025.06.30
Note: All content in this article is for reference only. It does not constitute investment advice or serve as the basis for any laws, regulations, or regulatory policies. Investors should not use or rely on this information as a basis for their decisions.